dallahoo- 1st off the 60 period stochastics is only a guild line and
I don't use it by itself generally, it's a good confirmation
indicator. Yes the 50% level is a sticking point as well. If you
get a cross over 20%, it needs to hold 20% on a pullback, if it
dips back below then I would generally be out etc, Yes generally
when it crosses 50%, it will move to the next level i.e. 80% or
20%
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Matt, a trading question
Posted by dallahoo on 26th of Aug 2008 at 11:18 am
Hi matt,
when you take a trade based on 60 period stock signal, do you ever consider that signal invalidated due to a reversal,
e.g.
1. if you go long on a cross above 20%, will you close position if it closes below 20% without reaching 50%
2. if you take a trade based on cross of 50%, will you close it if it crosses again in opposite direction without reaching extreme levels?
dallahoo - 1st off the 60
Posted by matt on 26th of Aug 2008 at 11:25 am
dallahoo - 1st off the 60 period stochastics is only a guild line and I don't use it by itself generally, it's a good confirmation indicator. Yes the 50% level is a sticking point as well. If you get a cross over 20%, it needs to hold 20% on a pullback, if it dips back below then I would generally be out etc, Yes generally when it crosses 50%, it will move to the next level i.e. 80% or 20%